GOOD MORNING, Trading ranges continue as the mission of the market is to now establish value levels that make sense given the bearish environment brought on by Covid-19. Beans: On the supportive side, beans continue to see value on breaks as China business surfaced last week, and traders await signs of further business. Capping off gains are currency issues, as the weaker Argentine Peso and Brazilian Real create more farmer selling. Weakness in the Brazilian economy is fueling a weaker currency, which not only kicks off more farmer selling, but is an incentive for the farmer to plant more next season. The Brazilian Real plunged last Friday sparked by the resignation of Brazil's Justice Minister Se...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.